Merger Notification - Announcement according to § 10 Cartel Act
HYPO-BANK BURGENLAND Aktiengesellschaft; Austrian Anadi Bank AG
BWB/Z-6475
On 12.01.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
HYPO-BANK BURGENLAND Aktiengesellschaft (Eisenstadt), a company of GRAWE-Vermögensverwaltung, intends to take over certain assets relating to the Carinthia retail banking division and a portfolio of selected SME and real estate loans in Carinthia from Austrian Anadi Bank AG (Klagenfurt).
The intended concentration concerns banking services.
Affected business areas: Financial services.
K - TELECOMMUNICATION, COMPUTER PROGRAMMING, CONSULTING, COMPUTING INFRASTRUCTURE AND OTHER INFORMATION SERVICE ACTIVITIES
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 09.02.2024.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 10.02.2024 .